The Rise Of Solar Power – CNBC.com
Solar power is on the rise. You can see the evidence on rooftops and in the desert, where utility-scale solar plants are popping up. The picture is not all rosy, but if the recent past is any indication, solar power is going to help lead the transition to a carbon-free future, and it might do it faster than we all expected.
Elon Musk and Tesla promised solar roof tiles in 2016, but the industry might not need an upgrade as its grown significantly with the solar panels currently available. You can see the evidence both on individual rooftops and in the utility-scale solar plants increasingly popping up in deserts across the country. In the United States, of all about 30% of the new power capacity added to the grid in 2018 was from solar.
But the picture is not all rosy. Solar power (and sunshine) is intermittent and the price of lithium ion batteries, one of the most popular current storage solutions, is still relatively high.
These are real problems that the industry needs to tackle if solar is going to reach its potential. However, if the recent past is any indication, solar power is going to help lead the transition to a carbon-free future, and it might do it faster than we all expected. Watch the video to learn more.
Source: Connect with CNBC News Online
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